Ridgestone Mining Stock Performance
| RIGMF Stock | USD 0.06 0.0004 0.71% |
On a scale of 0 to 100, Ridgestone Mining holds a performance score of 4. The company holds a Beta of 2.42, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ridgestone Mining will likely underperform. Please check Ridgestone Mining's jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Ridgestone Mining's historical price patterns will revert.
Risk-Adjusted Performance
4 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Ridgestone Mining are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile primary indicators, Ridgestone Mining reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 46 K | |
| Total Cashflows From Investing Activities | -58.8 K |
Ridgestone |
Ridgestone Mining Relative Risk vs. Return Landscape
If you would invest 5.31 in Ridgestone Mining on October 21, 2024 and sell it today you would earn a total of 0.27 from holding Ridgestone Mining or generate 5.08% return on investment over 90 days. Ridgestone Mining is currently producing 0.6518% returns and takes up 11.2452% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Ridgestone, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Ridgestone Mining Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridgestone Mining's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Ridgestone Mining, and traders can use it to determine the average amount a Ridgestone Mining's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.058
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Estimated Market Risk
| 11.25 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Ridgestone Mining is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ridgestone Mining by adding it to a well-diversified portfolio.
Ridgestone Mining Fundamentals Growth
Ridgestone Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Ridgestone Mining, and Ridgestone Mining fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ridgestone Pink Sheet performance.
| Return On Equity | -0.29 | |||
| Return On Asset | -0.14 | |||
| Current Valuation | 762.71 K | |||
| Shares Outstanding | 5.3 M | |||
| Price To Book | 0.48 X | |||
| EBITDA | (1.8 M) | |||
| Cash And Equivalents | 223.22 K | |||
| Total Debt | 160 K | |||
| Debt To Equity | 0.12 % | |||
| Book Value Per Share | 0.43 X | |||
| Cash Flow From Operations | (2.13 M) | |||
| Earnings Per Share | (0.01) X | |||
| Total Asset | 2.62 M | |||
About Ridgestone Mining Performance
By analyzing Ridgestone Mining's fundamental ratios, stakeholders can gain valuable insights into Ridgestone Mining's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Ridgestone Mining has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Ridgestone Mining has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Ridgestone Mining Inc. acquires, explores for, and develops mineral properties in Mexico. The company was incorporated in 2017 and is based in North Vancouver, Canada. Ridgestone Mining is traded on OTC Exchange in the United States.Things to note about Ridgestone Mining performance evaluation
Checking the ongoing alerts about Ridgestone Mining for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Ridgestone Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ridgestone Mining is way too risky over 90 days horizon | |
| Ridgestone Mining has some characteristics of a very speculative penny stock | |
| Ridgestone Mining appears to be risky and price may revert if volatility continues | |
| Ridgestone Mining has high likelihood to experience some financial distress in the next 2 years | |
| Ridgestone Mining has accumulated 160 K in total debt with debt to equity ratio (D/E) of 0.12, which may suggest the company is not taking enough advantage from borrowing. Ridgestone Mining has a current ratio of 0.76, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Ridgestone Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Ridgestone Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ridgestone Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ridgestone to invest in growth at high rates of return. When we think about Ridgestone Mining's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.8 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ridgestone Mining has accumulated about 223.22 K in cash with (2.13 M) of positive cash flow from operations. |
- Analyzing Ridgestone Mining's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ridgestone Mining's stock is overvalued or undervalued compared to its peers.
- Examining Ridgestone Mining's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ridgestone Mining's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ridgestone Mining's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ridgestone Mining's pink sheet. These opinions can provide insight into Ridgestone Mining's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Ridgestone Pink Sheet analysis
When running Ridgestone Mining's price analysis, check to measure Ridgestone Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ridgestone Mining is operating at the current time. Most of Ridgestone Mining's value examination focuses on studying past and present price action to predict the probability of Ridgestone Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ridgestone Mining's price. Additionally, you may evaluate how the addition of Ridgestone Mining to your portfolios can decrease your overall portfolio volatility.
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